11:49 AM EDT, 07/28/2025 (MT Newswires) -- Charter Communications' ( CHTR ) ability to generate high cash flow from its businesses gives it added flexibility to adapt to industry trends despite the company's large size, Oppenheimer said in a research note Sunday.
Eyeing Charter's Q2 results, Oppenheimer said revenue growth remained "anemic," but its integration of linear TV with over-the-top, or OTT, is driving a major turnaround to video subscribers. The firm projected a "more aggressive" improvement to video.
Oppenheimer lowered its fiscal 2025 and 2026 EBITDA estimates by about 1% each on higher operating expenses as Charter promotes its new offerings. The firm also lowered its wireless and broadband subscriber outlook, while increasing 2025 and long-term free cash flow per share estimates on cash tax savings.
Oppenheimer has an outperform rating on the stock, with a $500 price target.
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